EIFFAGE IMMOBILIER ILE DE FRANCE : revenue, balance sheet and financial ratios

In 2024, EIFFAGE IMMOBILIER ILE DE FRANCE achieves revenue of 213.5 M€. Activity remains stable over the period (CAGR: -0.6%). Slight decline of -10% vs 2023. After deducting consumption (42.5 M€), gross margin stands at 171.0 M€, i.e. a rate of 80%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 12.8 M€, representing 6.0% of revenue. Warning negative scissor effect: despite revenue change (-10%), EBITDA varies by -47%, reducing margin by 4.2 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -7.9 M€ (-3.7% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at -0%. This very low level reflects a solid financial structure, offering significant room for future investments or acquisitions. Financial autonomy (= Equity / Total assets x 100) reaches -1%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

The liquidity ratio (= Current assets / Current liabilities) stands at 135.95. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months. The interest coverage ratio (= EBIT / Interest expenses) is 322.9x. Operating income very largely covers interest expenses: high safety margin.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 369 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 144 days. The gap of 225 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Inventory turnover is 249 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 85 days of revenue, i.e. 50.5 M€ to permanently finance. Notable WCR improvement over the period (-57%), freeing up cash.

Based on 80 transactions of similar company sales (all years), the value of EIFFAGE IMMOBILIER ILE DE FRANCE is estimated at 30 413 906 € (range 11 364 303€ - 79 467 255€). With an EBITDA of 12 784 499€, the sector multiple of 1.0x is applied. The price/revenue ratio is 0.28x (conservative valuation). This multiples method compares the actual sale price of similar companies to their financial indicators (Revenue, EBITDA, Net Income). It provides a market-based indicative estimate.
Medium reliability: estimate to be confirmed with in-depth analysis.